StockNews.com Begins Coverage on Good Times Restaurants (NASDAQ:GTIM)

Stock analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Free Report) in a report released on Sunday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of NASDAQ:GTIM opened at $2.43 on Friday. The firm has a market cap of $25.86 million, a PE ratio of 11.05 and a beta of 1.85. Good Times Restaurants has a 52 week low of $2.34 and a 52 week high of $3.45. The firm’s fifty day moving average is $2.49 and its 200-day moving average is $2.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42.

Good Times Restaurants (NASDAQ:GTIMGet Free Report) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a return on equity of 7.11% and a net margin of 1.60%.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC increased its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIMFree Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,947 shares of the restaurant operator’s stock after acquiring an additional 9,459 shares during the quarter. Geode Capital Management LLC owned approximately 0.85% of Good Times Restaurants worth $247,000 at the end of the most recent quarter. 12.06% of the stock is currently owned by institutional investors.

Good Times Restaurants Company Profile

(Get Free Report)

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.

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